About your Search

20121112
20121120
Search Results 0 to 1 of about 2
on the verge for american oil revolution? according to the international energy agency, the u.s. will overtake saudi arabia as the world's largest oil producer that before the year 2020. but -- don't get your hopes completely up as the epa could block this fantastic market-driven advance. nobody better to talk about it is john hofmeister. john, it is a pleasure to have you here. now, is it credible, first of all the report, we will overtake the saudis? >> report is credible. the iea is smart, good analysts. we have the reserves, no question we have the reserves. in the ground today. number two, we have the technology to get the reserves out of the ground. and number three, we have the money to pay for it. >> right. >> capital exists. >> will the capital be spent? i want to go back. i want to backtrack because i know you are so good at this. with you l the capital be -- so far it has been invested. is that fair? >> it has been invested on private lands, private property owners giving up mineral rights under state permits but something is about to change. that everybody needs to be mindful of. w
. but now we find out the department of energy gave the company another million the very same day it went belly up. what is up with this? some kind of consolation prize? cnbc's own eamon javers has more. good evening, eamon. >> good evening, larry. more information about the batterymaker a-123. it's a company that's been at the center of the fire storm over whether the government should provide grants and loans tone ji company. senator chuck grassley putting out new information stayed. grassley a republican in washington says saying that a123 received a grant from the federal government, the department of energy, on the same day that it filed for bankruptcy. grassley releasing this information in a letter from the company to the senator. we skpd the department of energy about this. here's what they said. they said the energy department takes its responsibility to be good stewards of the taxpayers' money very seriously. funds are only disbursed to a company for work already completed toward the ultimate goal of the department's grant. and larry, i should say that this was a grant for work
Search Results 0 to 1 of about 2